PHONE: 212-532-1122 | EMAIL: INFO@WINTERANDCOMPANY.COM
New Development / Construction / Renovation


New Development | Construction | RenovationWinter & Company is a specialist in several areas, one of which is in providing advice to developers and arranging optimal construction financing for new, ground-up development of high-end, luxury condominiums in NYC, mainly in downtown Manhattan (with quite a few of these located in TriBeCa) and in Brooklyn. We also handle many conversions - most commonly the gut-renovation and conversion of loft, office or other types of commercial buildings to luxury residential, for-sale product.

Our clients are successful developers who rely on our firm to arrange the most advantageous terms for their construction loan. We also often help to create together joint ventures and to source equity as well as debt for qualifying projects.

Today construction loans are being arranged in the mid-to-upper 3% range at a loan-to-cost ranging from 65% - 70% percent depending upon the usual factors such as the quality of the location, the developer's track record, the acquisition cost and the quality of the sponsorship.

Personal guarantees are usually required for smaller scale projects, while larger deals can often be placed with limited recourse, and in some cases on a non-recourse basis.


The Mortgage Observer "In Development - New developers may dream big, But are banks willing to make those dreams come true?"
The Real Deal "Construction Lending Shackles Loosen"
Article: How to Successfully Approach Your Construction Loan Request
Article: Bridge Lenders Are More Important Than Ever in Today's Challenging Market

 
149 MADISON AVENUE | NEW YORK, NY 10016 | 212-532-1122 | FAX 212-532-1222 | INFO@WINTERANDCOMPANY.COM


Commercial Property Type: Multi-Family - Apartment Buildings | Mixed-use Properties | Co-op Underlying Mortgages & Credit Lines | Office Buildings | Retail Buildings | Warehouse - Industrial Buildings | Hotels - Hospitality | Self Storage | Net-Leased | Owner-Occupied | Commercial Co-ops & Condominiums | Specialty Properties

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